Types of MBA Programs

Today's business schools offer more
opportunities than ever to help you find a program that meets your specific
needs. Programs generally fall into the following categories:

Full-time MBA programs are primarily for students who are able
to take time off from working full-time to concentrate on their studies. These
programs are ideal for both “career switchers” and “career enhancers.” Global
companies sometimes send employees for a total immersion experience in
countries that represent an important business market.

Programs typically last from 12 to 21 months

Longer programs often include a three-to-four month
internship option

Core course requirements are completed in the early stage of the program

Specific concentrations and elective
courses finish the latter stage of the program

The mix of electives and requirements varies among programs

Students often relocate to attend full-time
programs

Part-time
MBA programs are designed for working professionals and
allow students to work full-time during the day and attend classes in the
evening or on weekends. Part-time programs are popular among career enhancers —
those who have experience and want to further their career in a chosen field.
They are also a smart choice if you already have a network in your field to
help you find a new position post-graduation.

Courses are scheduled year-round

Programs typically lasts 2­–5 years

Commuting is more common than relocation

Executive
MBA (EMBA) programs enhance the careers of professionals
who are already specialists in a field or industry. EMBA programs focus on
honing general management skills in core classes, with little or no opportunity
for specialization. Enrollment is often tied to a new or anticipated promotion,
and most students are company-sponsored.

Students work full-time and attend
classes on Fridays and Saturdays, usually on alternate weekends, over two
academic years

Offers a full immersion experience, with
learning outside the classroom and extensive faculty and student/team
interaction

The shared professional experience and
expertise of students becomes part of the curriculum

Virtual/Online
MBA programs are a good option for those who need or want
to work full-time and who cannot or do not want to attend classes in person.
Most online programs allow students to complete assignments and review lessons
when and where it works best for them.

Which type of program is best for you?

Before you make your decision, you’ll want to
consider a variety of factors to determine which type of program will best
overall experience to meet your professional and personal goals.

Goals and Program Elements

How do you learn best?

How much flexibility are you looking for in a program?

What is your industry or job function goal and how that could affect your choice in program type?

Do you already have a functional or industry specialty, or do you need an MBA to develop one?

Will an internship help you make a career transition?

Lifestyle

Can you handle going to school full-time and working part-time, or vice versa?

Do you want classmates who share your interests and experience level?

Are you ready for the responsibilities of an MBA-level position upon graduation?

Family Considerations

Will your partner need to relocate and/or enter a new job market?

Does the school offer support for partners and families?

Location/Other

Do you want to study locally, in your home country, or abroad?

Do you prefer to be in a college town or a city?

How will the school’s connections with the local business community help?

Will your current employer support you in a full or part-time program?

Carefully
consider your answers to these questions and you’ll have a much better idea of
which type of program will be your perfect fit.